Net income fell to $0.07 per share from $0.09 per share a year earlier, falling short of the consensus estimate of $0.13 per share in a Capital IQ survey. Revenue was $223.9 million compared with $222.5 million a year ago and lower than the $225.85 million consensus, according to Capital IQ.
For 2019, the company reaffirmed its forecasts. CEO Joe Cutillo said in a statement that revenue is expected to be between $1.075 billion and $1.095 billion and net income of $29 million to $32 million. The consensus estimates call for a profit of $30.44 million on revenue of $1.09 billion.
Price: 12.13, Change: -1.71, Percent Change: -12.33
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